Investor Presentation

Blue Star Limited Band Box House, 4th Floor, 254 D, Dr Annie Besant Road, Worli, Mumbai 400 030, India. T : +91 22 6654 4000 E : secretarialdesk@bluestarindia.com www.bluestarindia.com August 7, 2026 BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 BSE Scrip Code: 500067 NSE Symbol: BLUESTARCO Dear Sir/Madam, Sub: Investors’ Presentation for the First Quarter ended on June 30, 2026 Pursuant to Regulation 30(6) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations”) read with Part A of Schedule III of the Listing Regulations and in continuation to our letter dated July 30, 2026, we are enclosing herewith the Investors’ Presentation for the First Quarter ended on June 30, 2026. This intimation is also being made available on the website of the Company at www.bluestarindia.com Kindly take the same on record. Thanking you, Yours faithfully, For Blue Star Limited Rajesh Parte Company Secretary & Compliance Officer Encl.: a/a Z:\(01) Blue Star Limited\2026-27\Stock Exchange Compliances\Reg 30 - Information & Updates\4. Investor Presentation\Q1FY27\InvestorpresentationtoSE.doc Registered Office: Kasturi Buildings, Mohan T Advani Chowk, Jamshedji Tata Road, Mumbai 400 020, India. T: +91 22 6665 4000 CIN: L 28920MH1949PLC 006870 Investor Presentation Q1FY27 Forward Looking Statement Certainstatementsinthispresentationregardingourbusinessoperationsmayconstituteforward- lookingstatements.Theseincludeallstatementsotherthanstatementsofhistoricalfacts,including thoseregardingthefinancialposition,businessstrategy,managementplansandobjectivesfor futureoperations. Forward-lookingstatementscanbeidentifiedbywordssuchas‘believes,’‘estimates,’‘anticipates,’ ‘expects,’‘intends,’‘may,’‘will,’‘plans,’‘outlook,’andotherwordsofsimilarmeaninginconnection withadiscussionoffutureoperationalorfinancialperformance. Forward-lookingstatementsarenecessarilydependentonassumptions,dataormethodsthatmay beincorrectorimpreciseandthatmaybeincapableofbeingrealized,andassuch,arenot intendedtobeaguaranteeoffutureresults,butconstituteourcurrentexpectationsbasedon reasonableassumptions.Actualresultscoulddiffermateriallyfromthoseprojectedinanyforward lookingstatementsduetovariousevents,risks,uncertaintiesandotherfactors.Weneitherassume anyobligationnorintendtoupdateorreviseanyforward-lookingstatements,whetherasaresultof newinformation,futureeventsorotherwise. Our Values VISION CREDO “To dream, to strive, to care “I am Blue Star. I take pride in and, above all to be the best in delivering a world-class everything we do.” customer experience.” More than 8 Decades – A Growth Journey 1943 1947 11996699 1R9e7v7e 1993 E 1B 99IT 7DA 20E 0B 5IT -0D 7A Margin Margin Started Enters South- Earnings before Earnings before Mohan T Advani LLiisstteedd oonn Forays into New Seitn tuepre wst,o tralxde s, iSnteetr euspt, taxes, Central Air East Asia with founds Blue Star BBoommbbaayy Middle East element cladsesp rDeacidatriaon , facdteoprreyc iiant ion, Conditioning Arab MNaelawys ian and and at the peak of SSttoocckk Markets Factory Himachal & System Design Joinetl eVmenetnutre amortization. amortization. World War II EExxcchhaannggee Wada and Execution 2024 2023 2022 2019 2017 2012 2011 Enhanced Chiller Started Set up Wholly Engaged Received its Set up Plant Entered portfolio by commercial owned ‘Virat Kohli’ as first patent in in residential launching Data- production at Subsidiary in a Brand R&D Ahmedabad segment with a center, Brine & Sri City Factory North America Ambassador range of Room Centrifugal and Europe AC chillers Long way ahead………. Snapshot Maintains c. 2 million Key end-markets, including Air conditioning, Commenced operations in tonnes of air conditioning Residential, Commercial, Refrigeration and MEP 1943, with c. 80 years of and refrigeration Industrial, and solution provider operations in India equipment Infrastructure. 7 manufacturing facilities Presence in 18+ countries in India with 4000+ & Plans to strengthen Channel Partners presence in USA, Europe R&D Manufacturing Trading EPC Contractor After-sales Integrated Business Model Strong governance is the key pillar of Blue Star through out its existence Chairmen Emeriti Ashok M Advani Suneel M Advani Board of Directors Vir S Advani* B Thiagarajan* Mohit Sud* Chairman & Managing Director Executive Director Managing Director Rajiv R Lulla Sunaina Murthy Dinesh Vaswani M S Anil Harish Anita G Murlidhar Vipin Sondhi Non-Executive Non-Executive Non-Executive Unnikrishnan Independent Ramachandran Independent Independent Director Director Director Independent Director Independent Director Director Director Director * Also a key management personnel (KMP) Where Cooling Solutions are shaped Manufacturing Facilities Location: Himachal Pradesh 2 Location: Himachal Pradesh 1 Started in: 2011 Started in: 2005 Ahmedabad Started in:2012 Dadra Location: Sri City Started in:1997 Started in:2023 Wada Started in:2007 Business Overview – Q1FY27 Segment 1 - Electro-Mechanical Projects and Commercial Air Conditioning Systems TEXT TEXT Electro-Mechanical Projects:  This quarter saw strong order bookings primarily driven by data centers.  Rising opportunities in data centers and factories giving confidence of continued growth prospects. Commercial Air Conditioning Systems:  Order inflow gained momentum during the quarter, supported by demand from industrial, retail and health care segments. International Business:  Despite tariff-related uncertainties, the company’s expansion in US is progressing well and we continue to pursue more customers in US and Europe. Segment 2 - Unitary Products Room Air Conditioner:  Room Air Conditioners business delivered robust revenue growth, however margin remained under pressure due to rising input costs and depreciation of the Indian Rupee. Commercial Refrigeration:  The Commercial Refrigeration business witnessed degrowth during the current quarter as demand for deep freezers from Ice cream OEMs was muted. Segment 3 - Professional Equipment and Industrial Solutions  The segment revenue declined mainly due to continued challenges in the Med Tech business.  Industrial Solutions continue to grow steadily supported by manufacturing and testing demand.  The regulatory policy framework for the Med-Tech Solutions business still remains unclear, consequently the business has slowed down. Financial Highlights– Q1FY27 Financial Highlights – Q1FY27 Revenue (₹ cr) EBITDA (₹ cr) 6.7% down by 13% 3378 5.2% 2982 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Profit before tax (bei)^ (₹cr) Earnings per share (EPS)* (₹) 5.88 165 4.99 down by 24% Q1FY26 Q1FY27 Q1FY26 Q1FY27 *Not Annualized ^before share of Profit/(Loss) of JV and exceptional items Segment Highlights – Q1FY27 Segment 1: Electro- Segment 2: Unitary Segment 3: Professional Mechanical Projects and Products Electronics and Industrial Commercial Air Systems Conditioning Systems ESG Practices ESG Practices Environmentally Social Responsibility Governance Responsible Operations & Community Impact Excellence Eco-Conscious Product Innovation Diversity & Inclusion Robust Compliance Framework Focus on energy-efficient and sustainable 16.67 % of female representation in Board; & Code of Conduct and Whistle Blower Policy for designs -green refrigerants, invertor 11.66% in permanent employees; active DE&I employees and associates. Integrated compressors and emphasis laid on reusable policy. Governance, Risk & Compliance (GRC) policy packaging. based on COSO 2017. CSR Policy Green Infrastructure CSR Policy updated to include environment & Board Diversity & Independence IGBC-certified offices/plants (Thane, Wada, sustainability as one of the focus areas. Balanced representation of Executive & Non- Sri City, Dadra), Net Zero Energy Platinum Executive Directors. Skill Deve [Showing first 8,000 characters — download PDF for full document]